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Ripple CTO emeritus David Schwartz sold 2.5M XRP in 2025, paying $1.7M in capital gains tax.

Market News
10 Nov 2026, 08:30 WIB
Tokenpost
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Neutral
Ripple CTO emeritus David Schwartz sold 2.5M XRP in 2025, paying $1.7M in capital gains tax.

David Schwartz, Ripple's former CTO, disclosed selling about 2.5 million XRP tokens in 2025 and paying roughly $1.7 million in capital gains tax on those sales. Most of these tokens were acquired in 2020 and 2023. He emphasized that all sales followed a pre-established written plan to avoid insider trading claims. Schwartz also mentioned he has sold nearly all his XRP holdings but still owns a significant amount of Ripple stock. This disclosure pertains only to his personal sales, not Ripple's corporate transactions.

XRP price is Rp19.884 on Pluang as of Nov 10, 2026, 13:51 WIB. The token's market cap stands at Rp1.257,78T with a 1-day gain of 1.40%. Pluang users show balanced interest, with 54% buying and 46% selling XRP.

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